UK - Inadequate national insurance rebates are not the only factor that will encourage companies to move their employees back into the state earnings-related pensions scheme (SERPS), according to Watson Wyatt. It is the political risk of further changes to state pension provision that may be the deciding factor.
When SERPS was introduced in 1978 it was supported by a political consensus that encouraged the view that state provision might remain reasonably stable for the foreseeable future. On this assumpti...
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